The importance of ratings in tenders is growing
Company ratings play a key role in Scandinavian tenders. More and more companies are updating their data with InfoCredit to increase their credibility and chances of winning contracts.
In Scandinavian countries, ratings assigned by credit intelligence agencies and analytical firms have played a key role in assessing the credibility of companies for years. They directly influence tender decisions, assess the financial stability of the bidder, and determine their creditworthiness. It is based on ratings that contracting authorities assess whether a company is capable of maintaining long-term cooperation – even after the FEED phase.
Tender documentation increasingly often includes data sources from which financial statements and business information should be sourced. These include entities InfoCredit collaborates with, such as CreditSave, but also InfoCredit itself as a provider of verified business information.
Transparency Pays Off – Not Just Abroad
For bidders, this means one thing: complete and reliable data is now a key element in building a competitive advantage. This is particularly important in Scandinavia, where verifying company profiles in independent databases is standard practice, but the importance of ratings is also growing in Poland.
More and more companies are contacting InfoCredit to supplement or verify their data and improve their ratings in rating systems. Up-to-date and consistent information significantly increases the transparency of a company’s profile, which translates into better perception by foreign contractors and a greater chance of securing contracts.
How can we help?
For years, InfoCredit has been supporting companies in building credibility in international markets. We offer:
- verification of automatic ratings and trade credit amounts
- preparation of up-to-date financial statements and analyses,
- support in improving the transparency of information used in ratings,
- cooperation with foreign analytical partners,
- and for those who have already won tenders and established local plants there – support in tax settlements.
Are you planning to expand into Nordic markets?
If you’re bidding on Scandinavian tenders or preparing to collaborate with partners from Norway, Sweden, Denmark, or Finland, ensure your company data is complete, up-to-date, and visible in the appropriate sources.
Contact InfoCredit. We’ll help you strengthen your credibility and increase your chances of success in the demanding Scandinavian markets.